In 2005, investors added over €400 million new money to the institutional real estate funds of ING Real Estate. This is more than double the inflow in 2004 and 2003, which was €154 million and €142 million respectively.
The ING Dutch Retail Funds were the most popular funds. The inflow was €224 million and the funds attracted 14 new shareholders. The ING Dutch Residential Funds realised an inflow of €174 million and signed up 14 new shareholders. The ING Dutch Office Fund recorded an inflow in 2005 for the first time in two years €8 million and attracted one new shareholder. As early as the first months of 2006, the ING Dutch Office Fund has realised a new inflow of €30 million.
On 31 December 2005, the ING Dutch Retail Funds had €1.57 billion assets under management. The retail funds realised total returns in 2005 of 13.8% and 15.9% respectively.*
The ING Dutch Residential Funds ended the year 2005 with €925 million assets under management. These funds had total returns in 2005 between 13.2% and 13.3%.*
The ING Dutch Office Fund had €1.65 billion in assets under management at year-end. The total return of the ING Dutch Office Fund in 2005 was 8.9%.*
* The figures are subject to the outcome of the audit.
The funds mentioned are unlisted investment funds for institutional investors, such as pension funds and insurance companies. The funds are managed by ING Real Estate Investment Management.
Source: ING Real Estate